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Damian Baird Formerly with Moors & Cabot, Inc. Has 6 Customer Complaints for Alleged Broker Misconduct

Who is Damian Baird formerly with Moors & Cabot, Inc.?

Damian Baird

Damian Baird (CRD #3097243) who was formerly registered with Moors & Cabot, Inc. and located in Boston, Massachusetts, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Moors & Cabot, Inc., Damian Baird was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Damian Baird has had his own regulatory problems. In March 2023 he was suspended by FINRA for failing to comply with an arbitration award or settlement agreement to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. The suspension was in all capacities for an indefinite period. Further, Damian Baird was named in a complaint by Center alleging that he failed to provide information and documents and failed to appear for on-the-record testimony requested by FINRA as part of the 2 separate investigations into his conduct. The complaint also alleges that FINRA investigations or concerning discovery and a FINRA arbitrations and separately, whether Damian Baird altered a customer check and attempted to convert customer funds which is still pending. There is also an investigation ongoing since March 2023 by the Tonawanda Police Department related to the check allegedly altered by and made payable to Damian Baird which is still pending.

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Damian Baird Customer Complaints

Damian Bairdhas been the subject of 6 customer complaints that we know about seeking to recover investment losses. One customer complaint resulted in an arbitration award against Damian Baird and his employer. Another customer complaint was settled by HSBC Securities (USA), Inc. for Damian Baird’s alleged misconduct in favor of the investor. Two more customer complaints filed customers against HSBC Securities (USA), Inc. were denied by the brokerage firm in which the customers took no further action. There are 2 other customer complaints that are still pending resolution by FINRA arbitrator’s or the brokerage firm’s dispute resolution department.

Allegations Against Damian Baird

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • A check was presented for payment on February 24, 2023, may have been altered and made payable to Damian Baird.
  • Unsuitability regarding the recommendation of the line of credit for private real estate transactions.
  • Misrepresentation and fraud with respect to handling of claimant’s investment accounts.
  • Failure to disclose relevant information.
  • Unsuitable recommendations to invest in RMUNX.
  • Unsuitable transactions, misrepresentations and omission of material facts and engaging in deceptive acts and practices related to unit investment trusts and mutual funds.

Damian Baird Red Flags & Your Rights As An Investor

Of course, Damian Baird did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Damian Baird at Moors & Cabot, Inc. on alert to review carefully the activity and performance of their accounts and question whether Damian Baird has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Moors & Cabot, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Moors & Cabot, Inc. Due To Damian Baird

If you have questions about Moors & Cabot, Inc. and/or Damian Baird and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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